China must fully implement property rules, focus on low-cost - state planner |
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Published
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Mon, 05 Mar 2007 02:47
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BEIJING (XFN-ASIA) - China needs to fully implement its property rules and increase its focus on the construction of low-cost housing, the National Development and Reform Commission (NDRC) said.In a report to be delivered later at the annual session of parliament, the state planning agency added that China will boost financial support for small- and medium-sized enterprises and innovative firms.China will also increase funding for environmental protection, it said.The state planner also said the country will focus on developing its e-commerce industry.The NDRC also said China needs to set up a new mechanism for approving government projects.joshua.lipes@xinhuafinance.com
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